José Ramón Oyola is a banker from Puerto Rico

Puerto Rico

Puerto Rico , officially the Commonwealth of Puerto Rico , is an unincorporated territory of the United States, located in the northeastern Caribbean, east of the Dominican Republic and west of both the United States Virgin Islands and the British Virgin Islands.Puerto Rico comprises an...

 who was selected by Governor Rafael Hernández Colón

Rafael Hernández Colón

Rafael Hernández Colón is a Puerto Rican politician who served as the fourth Governor of the Commonwealth of Puerto Rico for three non-consecutive terms, from 1973 to 1977 and from 1985 to 1993. An experienced politician, Hernández holds the record for being the youngest Governor of Puerto Rico,...

 for appointment by the Board of Director of the Puerto Rico Government Development Bank

Puerto Rico Government Development Bank

The Government Development Bank of Puerto Rico was the brainchild of Governor Rexford Guy Tugwell, who signed Law 252 of May 13, 1942, creating the institution in charge of economic development for the Government of Puerto Rico...

 to serve as the institution's president from 1985 to 1986. During his term as such, he was sued by bank employees he demoted for allegedly practicing discrimination against employees affiliated to the pro-statehood New Progressive Party

New Progressive Party of Puerto Rico

The New Progressive Party of Puerto Rico is a political party that advocates for Puerto Rico's admission to the United States of America as the 51st state...

, which held power until Gov. Hernández Colón's election in 1984 to a second, non-consecutive term.